European shares slip in early trading on concerns about tighter monetary policy in the euro area

Economies.com
2016-10-05 10:40AM UTC

European stocks fell on Wednesday morning dealings on its way to end a wave of gains, due to concerns about the European Central Bank to tighten policy in the euro zone and to think about reducing the bond purchase program gradually.

 

 

The Dow Jones Stoxx Europe 600 index fell 0.5 percent by at 10:11 GMT, the index closed yesterday's session up 0.8 percent, the sixth consecutive daily gain, supported by gains in shares of Deutsche Bank.

 

 

Some reports on Tuesday said that the Central Bank of Europe, thinks about tightening of monetary policy in light of the recovery of the eurozone economy, and the bank is moving to reduce the bond purchase program gradually before the end of the program in March 2017.

 

 

And stock in Europe is also under more pressure with the rising expectations of the Fed to raise interest rates in December next, in light of the recent improved US economic data.

 

 

Futures for the S & P 500 fell 0.1 percent, and the index closed yesterday's session on Wall Street, down by 0.5 percent, the second consecutive daily loss, due to higher expectations of increasing US interest rates in December next.

 

 

As for the most important European markets indices euros Stoke 50 index fell 0.5 percent, and France's CAC 40 index down 0.6 percent, and in London FTSE 100 lost the amount of 0.5 percent, and in Germany's DAX index fell 0.6 percent.

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